Industrial Development Bonds definition

Industrial Development Bonds means obligations issued by a State, a Commonwealth, a Territory or a possession of the United States of America, or any political subdivision of any of the foregoing, or the District of Columbia, the interest on which is excludable from gross income of the holders thereof pursuant to the provisions of Section 103(a) of the Internal Revenue Code of 1986, as amended (or any similar provision), as in effect at the time of the issuance of such obligations.

Industrial Development Bonds means obligations issued by a state, a commonwealth, a territory or a possession of the United States of America, or any political subdivision of any of the foregoing, or the District of Columbia, the interest on which is excludable from gross income of the holders thereof pursuant to the provisions of Section 103(a) of the Internal Revenue Code of 1986, as amended (or any similar provision of such Code), as in effect at the time of the issuance of such obligations.

Industrial Development Bonds means obligations issued or guaranteed by, or supported by the full faith and credit of, a State, a Commonwealth, a Territory, or a possession of the United States of America, or any political subdivision or governmental authority of any of the foregoing, or the District of Columbia.

Examples of Industrial Development Bonds in a sentence

• The City of Valdez, Alaska issued approximately $1.7 billion of Industrial Development Bonds (IDB's), from 1976 - 1986, to finance construction of the Trans Alaska Pipeline System.

• Any organization applying for Industrial Development Bonds is required to submit a performance deposit to the Authority equal to 0.5% of the amount of the Qualified Private Activity Bond Allocation being requested, not to exceed $100,000.

• In descending order of the State's liability, the types of obligations are: • State Debt• State Supported Debt• State Guaranteed Debt• State Moral Obligation Debt• State and University Revenue Debt• State Agency Debt• State Agency Collateralized or Insured Debt• Municipal Debt• Industrial Development Bonds On the following pages, each type of State obligation is briefly discussed and defined.

• The Authority has issued Industrial Development Bonds to provide financial assistance to organizations for the acquisition and construction of industrial and commercial facilities deemed to be in the public interest.

• While the State has no involvement or commitment to pay, the City of Valdez, Alaska issued approximately $1.7 billion of Industrial Development Bonds (IDB's), from 1976 - 1986, to finance construction of the Trans Alaska Pipeline System.

More Definitions of Industrial Development Bonds

Industrial Development Bonds means any bond issued by or on behalf of a political subdivision the interest on which is excludable from gross income for federal income tax purposes on the date such obligations were issued.

Industrial Development Bonds means bonds specified in

Industrial Development Bonds means those certain 5.60% Industrial Development Bonds due June 1, 2014 and those certain 5.75% Industrial Development Bonds due November 1, 2013.

Industrial Development Bonds and "utility first mortgage obligations," in any event issued by a U.S. municipal or governmental unit or political subdivision, which an Eligible Insurer is permitted to insure under the provisions of Section 6904(b)(1)(A), (B) or (C) of the New York Insurance Law (without regard to clause (J) thereof).

Industrial Development Bonds in Section 8 of the Note Agreement shall be and is hereby amended in its entirety to read as follows:

Industrial Development Bonds means Industrial Development Bonds as defined in Section 103(b)(2) and Section 103(b)(6)(A) and (B) of the Code as heretofore or hereafter amended or in any Internal Revenue Service regulations or rulings made pursuant to the aforesaid legislation or in court or administrative decisions made with respect to the aforesaid. Industrial Development Bonds includes the Bonds.

Industrial Development Bonds means all "qualified small issue bonds" as defined in Section 144(a) of the Code or any successor provision thereto.